Intellectual property is a term used where exclusive rights are recognized. This means that intellectual property law gives owners exclusive rights to assets such as music and inventions.
Common forms of intellectual property include trademarks, patents, copyrights and trade secrets. These laws enable people to benefit financially from their own creations, whether it’s a song, movie script or lyrics.
If you’re interested in using a song for a video you are producing you must contact the creator and get written permission. A license will then be issued giving you rights under the intellectual property law.
Theft has increased over recent years with internet sites offering movies and music illegally and making it available for anyone to download. Peer to peer networks are copyrighters biggest nightmare in the music, software and movie business. Peer to peer networks allow large files to be circulated and manage to avoid liability. Though there has been clamping on these sites, they are increasing daily and are open to anyone from any corner of the globe.
Anyone with a copyright will feel the financial blow of someone using their material without their permission and without payment. A large movie company can lose millions if their smash hit gets out before it’s in the cinemas or available on DVD and Blu-ray. Think of the amount of money they can lose through cinema sales and DVD and Blu-Ray sales.
Piracy is another common term used when exclusive rights are not adhered to. Whether someone is making copies of their favourite album for friends or family members or to sell on the black market or they’re copying a movie to give to friends, this reduces the number of sales generated, reducing the income of the owner of that property.
Enforcement is on the copyright holder and while larger corporations have the resources to follow up on illegal activity; it’s not always easy for the average Joe or smaller business. They have tried getting internet service providers to join them with enforcing this behavior, but in reality it’s difficult for internet service providers to monitor this on such a large scale.
There are certain areas that allow you to download copied music legally and they are Spain, Canada and the Netherlands. People in any other country are required to purchase the music like everyone else, though we all know that there are thousands of people who are downloading music free of charge, affecting the intellectual property holder’s financial income dramatically.
You have to understand this from the copyrighter’s perspective. They have created something which is obviously in demand and why shouldn’t they reap the rewards of their success? But due to piracy, peer to peer networks and online sites, they are losing millions in revenue each year.